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tv   FOX Business After the Bell  FOX Business  December 12, 2012 4:00pm-5:00pm EST

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nicole: is pretty amazing, lot of eggs in the basket. all for the blackberry 10. coming out january 30. with all of the apple hype. now there's a whole different story. david: big earnings day, what is up with joy? nicole: i have to say, it is too bad we are taking the winning streak. lower, liz and david. liz: when he really started speaking, so much for that. although the s&p has a little bit of a gain. again, look in the dow jones industrial one points for his highest up 81 points and then you can see lost it all plus two points. not a great session overall. david: home builders getting a little bit of a bernanke boost
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continuing with his purchases of about $40 billion, also $45 billion treasuries. these guys certainly have not forgotten, benefiting from it. liz: probably not a good sign for global change. plunging more than 8% earlier today. that is the biggest drop since 2008. this is the index giving investors inside the global supply and demand trends by measuring changes in the cost to transport things like raw material. often considered a leading indicator of future growth. david: while gold could not get the pop a lot thought it would, look at oil, up over 1%. it was a little higher, ending off of session highs, but they were encouraged by the fact not only was ben bernanke going to be printing more money but also the china seems to be gaining
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little bit of steam. good day for oil traders. liz: purchasing $85 billion in bonds per month saying it will keep rates low until we see the implement rate fall below 6.5%. that is historic, folks. and then said probably mid-2015, which is what they have said all along. find out if he thinks the right moves are being taken right now. david: one of the guys willing to take on alan greenspan also a hike in dividend taxes could be spelling trouble for utilities companies. chairman and ceo policy impact a tax hike will have and how today's meetings with senators and white house officials did
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go. liz: but first, what drove the market with the "data download," and volatile day on wall street, the stocks waiting until the fed announced and then it happened, it did pop and lost the momentum into the close. ending a five-day winning streak, 70 points plus gain. telecom and financials were sitting pretty much the top performing sector. technology and materials lag. treasury prices falling as the fed boosting bond buying sparked inflation fears. we haven't seen it yet but the concern is very present. ten-year bond yields in the highest level in more than a month and lower races points 1.7%. silver was the biggest precious metals winner. settle in just under $34 per ounce than gold and copper getting a boost today. called up more than $13, copper and in the day nearly 1% in the aftermarket it all came down.
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david: says watch out because there will be a fiscal cliff, and profits telling us resolution or not 2013 will be good for the market. let's start with todd, the dead, you have the whole shebang, the 40 billion, the 45 leanne in the treasuries, why did the market fissile? >> first thing we have to look at is the market expectation. we had a five-day rally coming into this. the market knew this was coming. david: hold on a second. there have been some reports that they wouldn't be going the 45 alien, they would stop short around 37 billion, so there were some expectations of less than this. >> the market priced in the full tilt. you saw after the rally they were a little surprised got a little spiked rally, and in
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resistance because that is the technical level we are at. it was a natural brake in a market that was overdone anyway. liz: let's not ignore the fact one thing a lot of people aren't talking a lot about right now but should, why oil jumped, white gold jump, the dollar got shredded today. when the fed announces these on buying programs or continuing of them, it weakens the greenback. how concerned should we be about that? doiig the happy dance because their products will be cheaper overseas. liz: they shoul this should be t worried. we want to be able to export, but bernanke's plan is to make the exporting more valuable. we should be concerned because i don't think they're solving the big issue and the big problem we are having. they're trying to use liquidity in the system but are helping the bank and the big-time guys and not the average american.
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that is where this bubble is going to burst, these are a bigger problem and by helping banks and helping the wealthy will not help the average american survived this. david: let's pull back the fiscal issues, some people think we will see a huge selloff in the week below the end of the year before the yea taxes go up. what do you think? >> the market still looks strong. the market telling me it will probably stay rally somewhere in the area right around this resistance area. hit might have something to look at because they're going to solve the fiscal cliff issue, but after it is done you will see some serious selling pressure here. david: we will come back to you when the s&p futures close to get a peek into what might happen tomorrow. liz: what an interesting day
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with bizarre behavior with the market. senior managing director joining us along with profits investors and portfolio manager. you have been a little bit more bearish all along, but i guess any downside to what you see the fed announced today, people worried about tying into the 6.5% unemployment, are we missing something here? >> the fed is being way too transparent. liz: do you think he talks too long? >> he had the stage and everybody will be paying attention to every utterance, but the half-life is getting shorter and shorter. this one is an hour or two. so far the annual yearly high. i expect that we'll still be the annual high, and i expect we will have challenges from here because the fed is giving up the
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ghost on the political forces fixing anything substantive on the fiscal side and giving up in terms of the economy itself so now the fed is in total contrrl. that is a problem. david: operation twist was essentially exchanging one kind of treasuries or another kind. we don't have any more short terms to trade in. this is as close as you can get to peer my position of the dead. this is essentially absolving the politicians for doing anything substantive on getting rid of the debt the fed will buy it. >> it is for now. at least somebody is staying transparent. what the fiscal cliff come essentially if you don't know what is going to happen, it is pretty good to have the fed to say we will continue to inject liquidity into the market, we are not as concerned about the
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market and we will make certain economic growth continues right now. liz: when does it stop, eugene? it just seems like it'll be very hard to exudate ourselves from the pillow read the half-life is really running out, it is like a heroine addict, you're not you t getting the same path. >> i would agree with you, easy money is very attractive, but there is no one logic. some of the confusion, look at the companies accelerating their dividend payment, there's only one thing, corporation balance sheets are strong, they have the cash to support. that could have been used for investment and they still think once we could get some clarity around what the tax scenario is going to be, we get some clarity on what fiscal policy is going
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to be, corporations will begin to reinvest again. david: as you just said essentially what ben bernanke just did was give the politicians a free pass. that means probably dividend taxes will have to go up and get you were in favor of dividend stocks. don't you think the higher-end taxes will turn people off of those stocks? >> cash flow is the only return. let's use the compounding effect for building wealth and enhancing wealth, that is our mantra. in terms of the situation, we have structural issues. we have a deficit, we have ongoing not just monetization from the fed, but added that and we continue to add to the debt. and we have the timebomb which is an actual nightmare. liz: are their sectors, an area that will work for our viewers right now?
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>> sure. since we're in a poor part of the supercool pattern and the real deleveraging has not happened more naturally and put off the day of reckoning, we remain very receptive. that means high cash, cash flow from interest and dividends sustainable going forward. if we get into a downturn we want to make sure we have the margins for era to make sure we keep getting paid. david: i want to squeeze one stock out of you. a bio pharma stock. >> i think demographics suggest health care will be an attractive area and eventually the affordable care act will clear up. david: it is down 8% today. thank you, guys. good to see you both, gentlemen.
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the federal reserve announcing a new round of bond buying today in an effort to give the economy a jolt. was it the right move right now? the effectiveness of all the money running out of steam. who better to ask than federal reserve vice chairman, a guy willing to talk back to alan greenspan. we want to hear from him coming up. liz: the war of words continues on capitol hill. still no real action as far as what we can see coming out on the looming fiscal cliff, we have a look at the very latest proposal. [ male announcer ] this is amy. amy likes to invest in the market.
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♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. david: the s&p futures are closed right now. let's go back to the cme group to find out if we have a clue into what will have an opening tomorrow. what do you see?
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>> a pretty ugly clothes. a key reversal closing almost at our lows of the day. take profits and look for a spot to get short, that is the trade. liz: thank you. david: thank you, todd. liz: shares getting a boost today. let's head back to nicole on the floor. did they hold a boost? nicole: they did well today. some tough talks about revenue, commitment to numbers and what we should expect to see in 2013. take a look at the stock, 3.2% today. increasing revenue and profit next year. they have the ceo talking, the investor conference, a commitment to the numbers for next year and say they want to hit low double-digit operating as growth on average over time looking for collaboration.
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this is aetna working yet. back to you. liz: nicole, we will see you later. it is a game of he said she said on capitol hill. trading words in any progress or lack thereof on the looming fiscal cliff. david: live with the very latest proposals, if there are any real ones. >> all of this with a sense of optimism from both sides. no movement to secure a deal. wanting immediate tax rate hikes on the wealthy on the spending cuts. latest offer, $1.4 trillion in new tax revenue down from a previous offer of 1.6 trillion. and willingness to begin corporate tax reform. house speaker john boehner says that deal fell short. speak of the president's plan to avert the fiscal cliff still does not meet the two standards as laid out the day after the
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election. the plan does not fulfill his promise to bring a balanced approach to solving this problem. >> it is not a realistic position to say that we can resolve this by extending tax cuts for the wealthiest americans and vaguely promising that we will lean additional revenue by closing loopholes and counting deductions in a way everyone knows is unrealistic. >> republicans continue to refuse to raise tax rates on wealthier families, the official claims a concession would open a pathway to a deal, however republicans and democrats are still hundreds of billions of dollars apart on how large of a tax increase congress should pass and how much spending it should cut. thank you. david: this time their representatives of utility
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companies saying tax hikes, find out which ones could kill the stocks. find out why would we talk to two of the ceos live from d.c. liz: and look at the two pretty significant and historic surprises that came out of the fed today. rbs securities managing director and senior economist has some points on the stock. and will you change your gross domestic product forecast if there's a deal on the fiscal cliff? having you ship my gifts couldn't be easier.
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liz: the fed announced a new round of bond buying today, but we are not ramping it up. we are not ramping up the stimulus. still announced a new bond buying plan. are those the price is good for the economy? managing director and senior economist michelle girard in the hot seat. let's separate the market and the economy. right now we will talk about the economy. falling later with enough time to listen to what he was saying. nevertheless is anything you heard today good for the economy? >> will it help the economy, i don't think so. not that there isn't enough dollars in the system, interest rates are low enough, obviously the fed is taking action to provide support for the economy, doing so for years, the economy hasn't gotten a lot better.
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and so unfortunately i don't expect this round of bond buying will have a more impact than the last two rounds have had. liz: but he specifically said when he announced the open-ended purchases for mortgage-backed securities now treasury, he specifically said my number one focus right now is shoring up the job market. how can that be good for the economy? >> it would be if the action helps businesses feel more confident about hiring. that is a problem, it won't necessarily help labor market. companies are sitting on cash, strong balance sheets, well-positioned, spend and invest in are not doing so. it is not because they are not providing enough support, simply because they're uncertain about the outlook, increased regulations are worried about higher taxes and health care cost, brin buried about going or the fiscal cliff, nobody will be
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hiring in this environment. even though the fed is doing what they can, and will not translate into more jobs until the fiscal uncertainty gets removed. liz: ben bernanke said they will not tie any future fed rate moves to a point on the unemployment chart, that is 6.5%. we are well above 7%, so it will take a while, around midway 2015. they have never done that. >> they have been providing to say the rates will probably stay low. i have tried to be even more clear we will not be raising interest rates as one of the employment rate is above si abo. liz: what happens it is 6.5% and in part due to less than
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exciting participation in the labor force? >> ben bernanke address that in his report. none of these numeric thresholds are an absolute trigger. he said if we get below 6.5% but inflation is still low, they may think raising rates could still be inappropriate for he was very clear the fed still have a lot of wiggle room but at least you don't have to worry about raising interest rates until we get those markers. liz: what was your second biggest surprise? >> the shift in the threshold was a little bit of a surprise. is that what you're referring to? it is a little bit of inside baseball, if you will. they did kind of shorts and a maturity of the treacheries they are buying.
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only marginally, but it spooked the long end of the market. liz: it did. >> they have been buying a lot of support out for 30-year maturities, just about the only buyers of that sector anymore and the fact the fed will be buying only a small amount less. to some extent unsettled the market, so that's a very long end of the market we saw a little upward pressure on yields. it is mostly 30s. for most of the market, corporate bonds, mortgage securities what really matters is the five and the 10-year part. that is actually what the fed has kind of shifted more of their purchases to an effort to bring down mortgage rates, that was some of the focus. it will not get good anytime soon.
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liz: good to see you, michelle girard. david: come back soon. over 800,000 vehicles being recalled by honda. find out which ones will be next. the fed announcing more bond buying. can these policies really help? the vice chairman alan blinder talked back to alan greenspan, something very few people did. he will be talking to us coming next.
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david: time for a quick speed read of some of the day's other headlines. five stories in just a minute. berkshire hathaway announcing it will repurchase $1.2 billion worth of class-a shares from the estate of a long-time shareholder. pending news briefly halted trading in berkshire shares after the market opened but were up. honda recalling 3780,000 minivans and suv worldwide because they can roll away after drivers remove the keys from the ignition. pilot suv and axe cue a mdx models. par shasetting a new sales record, porsche. already eking out its previous record of 118,000 set last year. redbox is taking on netflix. both stocks were on the up. redbox instant by verizon. the new as far as includes unlimited streaming and four nights of physical dvd
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rentals for eight bucks a month. microsoft ramping up production and sales of surface tablet. start selling the surface at best buy stores. that, about a second off. liz: two of us are really blowing it. liz: when we dom back is there a danger to tying the unemployment rate of 6.5% to the next fed move as in tightening? alan blend blimeder, former federal reserve vice-chair supermarket watcher. we'll hear from him what he thinks. stay tuned. [ ale announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra.
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>> i'm adam shapiro with your fox business brief. the federal government's budget deficit grew more than expected in november, pushed higher by a calendar quirk that pulled roughly $33 billion in benefit payments from december. guatemala is deporting john mcafee to the united states. they have escorted mcafee is the gaut maul lap city airport. he was jailed for crossing the borderism legally. he entered guatemala seeking political asylum from belize where he is wanted for questioning in the murder of his neighbor. a report from mastercard advisors and wells fargo showed shoppers spent 5.2% more at small retailers than they did the same time last year. that's the latest from the fox business network, giving you the power to prosper.
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liz: the federal reserve
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expanding its bond buying program, announcing plans to purchase $45 billion in long-term treasurys while continuing to buy about $40 billion in mortgage-backed securities each and every month. david: but will the fed's new plans spur economic growth? joining us is alan blinder, former federal reserve vice chairman and he is now at the woodrow wilson school. thanks for coming in, professor. appreciate it. >> good to be here. david: i will quote alan blinder. i'm sure you wouldn't object to that? >> no. david: back in july you asked the following question. does anyone really think that lower u.s. treasury rates are what this country needs? well does anyone really think that lower rates right now, which is obviously what this bond purchasing is all about, or trying to do, will spur more lending? >> well, let me, i don't know. let me distinguish between the treasury purchases and the mbs purchases. david: yeah. >> you mentioned both in the lead-in. david: right. >> i think the mbs purchases are potentially more
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important, more stimulative, holding down mbs rates which holds down mortgage rates and which helps refinancing and so on. david: but if i could put a fine point on treasury purchases as opposed to old type of thing which was just a switch, switching the short term for long term. >> exactly. david: this is brand new purchases. i would argue that is the more important part of today's announcement. >> well that is the more important part of today's announcement because the mbs purchases was announced a while ago but in terms of strength on the economy i put the mbs purchases first and treasury second. look, the fed was in a quandary. it was doing this twisting operation, buying the longs and selling the shorts. it no longer has any shorts to sell. so its choice was do we do nothing which would be a modest contractionary policy or do we just leave on the buying of the longs which would be a modest stimulative policy? of course they chose the latter. liz: professor, one of the things ben bernanke also said was with this new move we are quote, not ramping up
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stimulus except when you look at the fed's balance sheet it is 2.8 trillion. by end of the next year under this program we'll be at 3.8 trillion. what does he mean he is not ramping up stimulus? is he being honest about that or being a little less than up front? >> i'm not sure. i wasn't at the press conference to ask him questions. sounds like the wording was we're not accelerating. that is we are in stimulative mode and we're continuing in that stimulative mode. we're not really ramping it up. i think in a mine nor sense they are ramping it up because of keeping only half of operation twist and dropping, dropping the other part. david: jon hilsenrath from "the wall street journal" seems to know ben bernanke better than most people do. at least in the media. he has suggested several times, most recently today, the goal of what they're doing is to lower borrowing costs and stimulate stock
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markets. now this goal or mandate if you will of stimulating stock markets can be dangerous because sometimes when stocks go up it's because of the fact that companies are firing people, not hiring people and that would conflict with their mandate on unemployment, would it not? >> yeah. it would. i think stimulating the stock market is a minor part of the fed's intent, intention but, i wouldn't deny it. i don't think chairman bernanke would deny that it's at least a minor part. it's keyed much more stimulating mortgage market as we were say a while ago and stimulating other interest sensitive components of spending, never mind stock prices but of spending. consumer spending on automobiles, for example, business spending on equipment and software, things like that. that is where the fed would really like to see more activity. liz: i think they have really like to see congress start moving. you know he was pretty clear, right? i mean he said today that
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the fiscal cliff is a fair and sensible term. >> yeah. liz: they can only do so much at the fed. you were there. you know this. >> correct. liz: what is the number one thing congress should be really doing right now that a federal reserve chief wishes they were acting upon? >> i don't doubt if a genie came down and gave ben bernanke three wishes his first two would be avoiding fiscal cliff. liz: really? >> he has nothing in his arsenal anywhere close to offset the contractionary impact of actually jumping off the fiscal cliff. liz: wow. >> he knows that. he said that. he has been quite frank about it. the fiscal cliff poses a clear and present danger to the, even the kind of tepid economic recovery that we're living through now. david: you know you were known to be one of the few people that would challenge alan greenspan when you were with the fed. a lot of people complimented you on that. if you were in the fed right now, is there anything about which you would challenge
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directly ben bernanke? >> there is one thing and he knows that. i've challenged him about this in a, from the outside in a variety of ways. i've been advocating that in addition to the things the fed is doing, so i support what he's doing, in addition to that he, he, tte fed cut interest rate that banks are being paid for holding idle reserves. that idle reserves sitting in the bank accounts at fed is doing nobody any good. i would like to see it pushed out of there, at least some of it. won't push all of it out there, into some kind of productive use. david: there is republican who agrees with you on that. another former fed official, i think you know who that is. wayne angell, who we have had on our air. both a democrat and republican agree on that ish -- issue. >> i'm glad to take allies wherever they come from. liz: thanks for being here. alan blinder, former federal
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reserve official. robert gray shows us how to uncork real profits here. david: find out what utility executives are telling the white house and senators about the impact of dividend tax hikes on their industry and your dividends. ♪ with my friends, we'll do almost anything. out for drinks, eats. i have very well fitting dentures. i like to eat a lot of fruits. love them all. the seal i get with the super poligrip free keeps the seeds from getting up underneath. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're mo comfortable and confidt while you eat. a lot of things going on in my life and the last thing i want to be thinking about is my dentures. [ charlie ] try zinc free super poligrip.
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e. david: utility ceos are meeting with the senate and white house officials today to discuss the impact of rising tax rates on their industry. i'm joined by two of those executives. nick aikens, ceo and president of american electric power and patricia vincent colwin, chairwoman, ceo and president of pnm resources. thanks for coming in. pat, i want to go to you first. dividend taxes you don't often think of effect they may have on utilities. you argue they would have direct effect, perhaps unintended consequences. what would be the effect? they could almost triple the rate of taxes on dividends. how would that affect your industry and your customers? >> david, actually a couple of ways. first of all we raise a lot of capital in this industry. we'll spend about $9 billion a year investing in our electric grid in this
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company and if the dividend taxes go up, the stock prices could go down, therefore making capital, in my company in particular, we finance 50% of all of our projects with equity. cost of capital could go up and therefore rates to our customers could go up. they could also get impacted another way. a lot of our customers are also our shareholders. and a lot of those folks, actually 65% of them, maybe below $100,000. if those taxes go up for those folks, that's going to hurt them in terms of money they have to spend and value of their retirement and 401(k) accounts. david: savers are really getting killed in this market. nick, you have five million customers. you are you are a big utility. five million customers. if they see rates go up you know as well as i they will not be blaming dividend tax rates, they will be blaming you, correct? >> that's exactly right. we pass through the costs. if dividend taxes go up it is cost borne by the customers. it is not only borne by the customers but borne by our
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investors who are primarily the elderly, depending on fixed income. that is why they invest in utilities. david: let me stop you there, nick, if that's true, and i believe that, they will be blaming you, not the taxman if rates go up, how do you get that message across? is it worth sending letters to your customers or what? >> i think it is clear we have to go to the customers, explain to them the situation. it is a different level of increases. if you increase from, to ordinary income tax rates as opposed to present dividend tax rate of 15%, it does have an impact. it also has an impact on how much we can invest in the system. as our cost of capital goes up as a result, we'll pass on those costs. so we have to explain that to our customers. it will be a difficult proposition. david: pat, it must have been a difficult proposition explaining it to the politicians inside the beltway. they can't seem to get anything right. who did you meet with today and did you get any sense they get the message that you guys just explained? >> absolutely.
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we met with variety of senators from our service territories and the white house. they understand the issue. our customers, we had defend my dividend campaign for some time. we got over 250,000 letters and e-mails to members of congress. so i think they understand what we're trying to do here is make sure we keep growing our economy by investing in our economy. they all were very receptive to the message we sent today. i have to say they're all working very hard to make sure we don't go over this cliff. david: nick, words are cheap, particularly in washington. so are promises for that matter inside the beltway but did you get any specific promises people would hold the line on dividend taxes at least by some amount? >> i think we did get an indication, first of all, we're in tune with the issue of parity between capital gains and dividend taxes. they understood that. understood it as a concept going into the discussions. from an increase perspective they did understand it would have impact on economy,
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would have impact on our rates. but i think there is a sense of frustration there is a whole big issue to deal with here and comprehensive deal and they really don't know exactly where it is going to come out but there was optimism it would be something, less than ordinary income. david: good luck. let's hope you made progress. nick, pat, thank you both for coming in. >> thank you, david. >> thank you. liz: investors have been looking at different ways to hedge against inflation. many have been adding hard assets to their portfolio. david: that includes wine vineyards. robert gray joining us with one of the more fun ways to invest. robert? >> absolutely. yesterday i brought awe story about investing in million dollar taxi medallions. today how about a vineyard in napa valley. sounds like a sweet investment right? if crushing grapes takes more cash than you have got, look at shares of realty income. he told me in exclusive interview that he is more interested in harvesting a
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steady stream of cash than vintage real estate. >> so if you look in the wine business, obviously here at sterling vineyards, really premier vineyards, really important to the operations of the business and the same with this iconic winery. it really fit what we do in all the 38 industries we're in. >> realty income is real estate investment trust. it avoids paying federal taxes agreeing to distribute some 90% of its taxable earnings in dividends. realty income sterling and bought vineyards from diageo and leased them back to the drinks giant. he was in the wine business before he found the perfect location to buy into, in the heart of napa valley the heart of wine country. here in the valley it is all about the grapes. >> these properties are exceptional. there are 17 wine growing regions in california which napa is only one. average price of a ton of wine grapes in california
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was $632. but for napa $3300. >> while the napa grapes are valuable analysts note other reits have tried and failed to break into the wine business. the industry is fraught with risks running from harsh weather to production problems to pricing pressure from less expensive domestic or imported rivals. how can you succeed where other reits tried and failed? >> i think first having right assets. 90% of the wine comes from california but only 4% comes from the napa valley. second is the winery we're working with, sterling vineyards, 40 years of success. finally diageo as parent which is one of the strongest companies out there in the world we have steady cash flows from the wine business. >> that revenue stream flows straight through to investors. look at this chart. stockholders reinvested realty income monthly dividends drinking in magnum sized return over past decade doubling up the s&p 500 during that time. keep in mind long-term leasing deals but economic
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downturn may cause problems for financing new deals or trouble for existing tenants who rely heavily on consumer spending. liz: returns aren't as great as taxi medallions but that is more fun. >> investors can have wine with the dividends. clearly a man that loves his job. david: robert, unfortunately you will leave fox business. it is our great loss. but you can tell us now were you actually drunk during that segment, in that package. you were, wait you? >> we were waited until the end of the day to sample the wares. david: now you can say it. liz: robert is heading to california. he and his family will have a great time living out there. i'm jealous. good for you. >> thank you, guys. it's been my pleasure. david: you have a room for both liz and me? >> of course. liz: and our whole families too? >> the whole fox family. thank you all. david: great working with you. the rock and roll hall of fame class of 2013 has been announced. find out who is being added to the shrine in cleveland. if you were listening
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closely throughout the hour, we gave you a couple of hints here and there. here is one more hint because as we look at liz at the rock and roll hall of fame. here is one more hint to give you a clue who the entry may be. ♪ . copd makes it hard to breathe,
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but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. streamline the process? at fidelity, we it by merging two toolinto one, combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry d exit pois. we like this idea so much that we've applied for patent. i'm colin beck of fidelity investments. our integrated techcal analysis is one more innovative reason seous investors are choosing fidelity. now get 200 free trades when you open an account. david: time to go "off the desk". we have great pictures for you.
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look at this. check out this 50 foot rubber ducky floating down london's river thames. so big, so large the tower bridge had to be raised to allow it to pass. the giant duck was a publicity stunt. oh, yeah? for online gambling site jackpotjoy.com. got some people looking. the goal was to get british people to have more fun. melissa: looks like the stay puft marshmellow man from ghostbusters at the end. "off the desk", rock and roll hall of fame class of 2013 has been announced. electric artists from rap to rock to disco. public enemy, rock groups rush and heart are making the cut and singer-songwriter andy newman. albert king who pass away in 1992. the queen of disco, donna summer. we miss her. she passed away in may. it will be held a

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